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Overseas employees may be told to return to Kuwait soon
The massive recovery and rehabilitation programme for the war-torn Kuwaiti economy will open up new employment opportunities tn labour-surplus Asian countries like Bang —ladesh.
This was stated on Sunday by Kuwaiti Ambassador in Dhaka Mohammad Ibrahim Al-NaJran to The Dally Star
He said Kuwait would announce at The earliest opportunity" its decision about the return to the Emirate of the
overseas workers and employ ees including those from Bangladesh who were forced to leave the country after Iraq's invasion tn early August
For the new political gov ernment that comes to office, the end of the war and the new employment and trade Borlunitles tn the Gulf are ly to provide some strong leverages for management of the badly battered economy
About 70.000 Bangladeshis on Jobs in both public and prl
vale sectors in Kuwait came back home following the occupation of the Emirate by Iraq. Kuwait absorbed about 25 per cent of the Bangladeshi workforce of over three lakh in the Middle-East until early August.
Remittances through official channels by llv Bangladeshis in Kuwait totalled 88 million dollars in 1989 90 There have been no remittances from Kuwait since Sepmaber. 1990. In first two months ( July and From Page 1 Col 7
August) of the current fiscal year, official remittances from Kuwait stood at eight millton dollars.
About the return of the Bangladeshis to Kuwait and getting back their jobs, the Kuwait Ambassador said the decision by his government would be taken as soon as the situation became normal. "Now the Emirate is under martial law to help restore normalcy after a seven-month-long Iraqi occupation and want on destruction and , loot, and only the foreign diplomats in Kuwait have resumed their work", he added.
Emergency teams are working to assess the needs of the war-ravaged Kuwait, concentrating on the urgent first aid for its shattered economy including 650 oil wells which are on fire. News agency reports from Kuwait said the 90 day emergency programme financed by the Emirate's gov-ernrpent will cost at least 50 billion dollars. According to Kuwait's Central Bank Government Sheikh Salam Al-Sabah. reconstruction of the war-ruined economy would in-
volve 500 btllion dollars if the private sector losses arc included
Kuwait has already signed rebuilding contracts with about 150 companies all over the world.
While the reconstruction and rehabilitation programme gets off in Kuwait, the labourscarce Emirate will be looking forward to more manpower support for the same. The labour-surplus poor Aslan economies will be competing for a larger share in new employment opportunities for their respective nationals.
About the new opportunities in Kuwait, business circles in Dhaka suggest the need for a well-coordinated strategy at the government level to secure a favourable deal for Bangladesh in view of country's positive and consistent support for liberating Kuwait from Iraqi occupation.
The Gulf crisis landed several punches on the fragile Bangladesh economy by raising oil prices, slashing worker remittance^, causing repatriation cost of about 36 million dollars for bringing the stranded Bangladeshis and in-
creasing unemployment as thousands returned from Kuwait and Iraq without jobs.
The crisis also entailed a heavy export loss because of the enforcement of the UN sanctions against Baghdad. Kuwait and Iraq accounted for about 12 per cent of Bangladesh's 116 million dollar exports to the Middle-Ear)^ In 1989-90. 4*
Kuwait has been the major market for Bangladeshi frozen food and vegetable exports to the Middle-East. Weekly export consignments of vegetables alone stood at about 32 tons worth about 72.000 dollars. Both frozen food and vegetables exports were made on consignment basis. Export bills worth over two lakh dollars could not be collected because of sadden market disruptions in Kuwait following the Gulf crisis.
The Gulf crisis caused a heavy drag on meagre financial resources of Bangladesh, including the cost of participation in the multi-national forces In the Gulf.
Besides, country's national airlines, travel and recruiting* agencies, International hotels and tourism were the hardest hit Sectors because of the Gulf crisis. The amount of loss shot Xin a more pronounced way r the war broke out in the middle of January.